Walmart Expresses Concern About Ongoing US-China Trade War

US-China Trade War Has Walmart Concerned

Walmart  CEO Doug McMillon warned investors (and consumers) about the very real impact that the continuing tariffs between the US and China could have on consumer packaged goods imported from China.  Walmart is doing its best to keep prices unaffected by the U.S.-China trade war, but if things escalate it could be a different story, CEO Doug McMillon said Thursday.

“We worry about next spring, next summer, next fall what customers will have to pay if tariffs do escalate.”

– Doug McMillon, Walmart CEO

McMillon warned investors that the uncertainty in pricing is leading Walmart to start thinking about where it wants to get its goods from. Changing the origin of its goods is a daunting task, given the fact that China is Walmart’s second-largest source of goods, behind the U.S.

So far, Walmart has been able to manage with the current tariffs in place.

“We try to go up as little as we can and as late as we can for customers, but there are some categories where over time this will show up.”
– Doug McMillon, Walmart CEO

Is your company facing the pressure of increased cost of tariffs for your imported goods? How much, if any, of this cost increase are you able to pass  on to Walmart? Sound off in the comments below!